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on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether
, we will ask a business expert what fewer shoppers means for the overall economy. rick: shifting gears now overseas, the hamas terrorist group is accusing israel of breaking the ceasefire rules agreed to only a couple of days ago, two days after a truce was reached along the israel/gaza border. the shooting death of a palestinian man today could threaten the already-fragile agreement. conor powell is live in jerusalem with the very latest. >> reporter: well, rick, given that the level of trust between israel and hamas is so low, expectations for this ceasefire were even lower. but it appears to have passed its first major hurdle. earlier today several hundred palestinians went to the border between gaza and israel, some reportedly there to check on land across the border in israel, others were, no doubt, hamas sympathizers testing the ceasefire. but as israeli trooped told them to back off from the border area, they refused, and israeli troops opens fire killing one palestinian. both israel and hamas accused the other ofhe ceasefire agreement, but neither side took steps to escal
that would avoid that potentially devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion.
is getting his economy back on track and to do that he needs the help of the international community and the united states. so he's got to carefully try to balance these two issues. i think he recognizes that a conflict along, you know, egypt's border with israel is not in egypt's interest any more than it's in israel's interests. so -- but these are people who have long been in opposition and they're having to learn to balance these political calculations as they go forward. >> right. and there's no rest after election day when you're the active president. p.j. will stay with us as we turn to another discussion right on point with president obama's foreign policy team. many republicans are attacking ambassador susan rice, a top candidate to replace secretary of state clinton. the senate has spiked some key nominations from president obama before, from elizabeth warren to nobel peace prize winner peter diamond. there is one number that suggests obama is likely to win this battle. we will look at the math after the break on "now." so you say men are superior drivers? yeah. then how'd
cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >> i don't think that obamacare should be on the table. it's the number one priority for the lawmakers right now whether you're a democrat or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela, i'm surprised you would say obamacare should not be on the block, and what do you think should be on the block? what kind of-- i
. an executive who's advising the president gives us a plan for fixing the economy when we come back. in stuffing and more, the secret is swanson. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whatever swims our way. ask your doctor about symbicort. i got
't know, feeling better and so much of this is about how we feel about the economy. >> oh, yeah. that's right. investors may not like it, but consumers love it. their confidence, the highest level in many, many months. still below 90, which is really the point at which you see a really strong and robust economy. but the fact that consumer confidence has been doing so much better, it's very important. now, here is possibly a source of their optimism. 20% of consumers expect more jobs in the next six months and that would be a cause for much optimism. >> shepard: yes, it would. the fears about europe's debt crisis clearly eased a bit 'cause there is another deal to provide aid to greece. >> more money for greece, $57 billion. it took three weeks to come to this conclusion for european and global leaders to say hey, we'll give you the money. it will come in four installments and if they didn't get this, they would be in bankruptcy. as you know, that would be bad for the entire e.u. that country, greece, has an unemployment rate of 25%. 25. >> shepard: big number. >> it's a very big numbe
of these mom and pop shops could tell us a lot about the entire economy. we'll take look into the future. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> heather: today is small business saturday. even president obama taking parted, taking his daughters to an independent bookstore in arlington, virginia today. this is why, small businesses are so important to our nation's economy. take a look at these numbers.
the economy in gaza as well. gregg: general jack keane who advised hillary clinton, thanks very much. >> happy thanksgiving, gregg. gregg: you too, sir. ainsley: thanks, greging. we're now getting new reaction from jesse jackson jr. stepping down. we will have all those details. gregg: and workers protesting at the los angeles international airport. the busiest travel day of the year, why the unions are now choosing this time to flex its muscle. >> happy thanksgiving, i love you, happy new year, and i'll be home soon. god bless. go, big red. gregg: developing right now in "america's newsroom," the bbc getting a new boss, tapping tony hall to head the british television network. he is the current chief executive of the royal opera house. >>> former french president nicolas sarkozy heads to court answering questions about suspicions he illegally accepted donations from france's richest woman to fund his 2007 election. he denies the allegations. >>> and the national park service says the statue of liberty, ellis island, both will not reopen to visit thers year. those sites have been closed for cl
cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it w
the economy toppling back into recession. >> everyone i've had on this program, all the members of congress, have said to me, joanne, we have to get this done, of course it's going to get done. but we should remember it was a year ago today the grand bargain failed. so what's it going to take? >> you know, i think it might take the new congress being seated. i mean, if you think about it, you still have a lame duck congress so, while the election may have changed the atmosphere and sort of the story line for the members, the actual people themselves are still there. so they've not changed their ideologies at all. i think that the problem is that you have john boehner, president and mitch mcconnell negotiating with the exact same congress that they had when they couldn't make a deal the last time. so i think until the personnel change, i'm not sure you can get a deal. >> and juan kessler, the fact checker for "the washington post," has reported that, you know, you have to come from, like, some point point. you have to have a negotiating point to start with. he said democrats and republicans
. >>> we turn to the economy now, and some good news tonight for americans and their 401(k)s heading into thanksgiving. wall street ended the shortened holiday trading week on a two-week high, in fact. the dow closing at nearly 13,000. the fourth day of gains now, helped by that truce in the middle east this afternoon. wall street now hoping shoppers will provide the next boost to the economy, black friday now approaching. >>> there is still much more ahead on "world news" this wednesday night. on this night of travel in america, we take you inside the airplane of the future. a jet that erases jet lag? two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i have a cold, and i to
and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist for "the hill", a.b. stoddard. so what are the folks that you cover there on capitol hill, what are they saying about the prospects here? >> well, in the last 10 days it starts to sound more and more like democrats don't really have a problem with going over the slope or the cliff. they won't really admit that but it seems that they're not working so hard to stop it. you see the white house trying to tell americ
people are flying. another reason is because of the economy, some people are saying i'm going to hold off in terms of booking a flight especially because fares are not dropping. because there's limited capacity. the airlines have been able to hold fares at a fairly consistent level. they are down according to aa compared to last year. still, you won't find too many bargains unless you're looking for last minute deals to nontraditional places. one other thing, guys, as we take a look at rental car stocks, you've heard a lot of stories over the last couple of days. it's true. if you were looking to rent a car in the northeastern united states, which some people do during the holiday weekend, good luck because most of them are already spoken for. this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this
." >> a new holiday spending bonanza. americans are feeling more confident about our economy. will lead to the great of growth, and what could set us back? >> also, an arrest in a string of murders in new york city connected to one gunman. what we are learning about the man that police in new york city say was poised to strike again. and a large bird crashes through the cockpit plane of this airport. details of the scare in the air for the pilot and passengers. it's all "happening now." >> but first, the cease-fire truce may be fragile, but it appeals to be holding. i am heather childers in for jenna lee. >> and i am rick scott in for jon scott. with egypt's president mohammed morsi, it is a big test for the new leader. steve harrigan is live in cairo. some are saying that mohammed morsi is the real winner here. you have all sides facing the same person. americans giving him high marks for his mediation, even some israeli officials praising the president. as far as the mediation goes, there were some concerns about which direction he would say, a long-term member of the muslim brotherho
. >> my mom worked at butterball. >> reporter: locals say it's not easy work, but in a tough economy, a product most americans buy at least once a year keeps the paychecks coming. and the free bird given to the workers doesn't go to waste. >> reporter: what do you eat for thanksgiving dinner? >> turkey. >> reporter: no. >> yes. yes, of course. >> reporter: catering the holiday meal from a small town that runs on turkey. janet shamlian, nbc news, ozark, arkansas. >>> how about some sports. start with the nba. carmelo anthony went on a scoring bring with 29 points in a 102-80 victory over new orleans. the knicks have eight wins and only one loss. former knicks coach mike d'antoni made his day daye bu as the new coach of the lakers. the lakers beat the nets 95-90. >>> in college basketball, rodney clark made very long three-pointers to give unranked butler a stunning upset as number nine north carolina, 82-71 at the howie classic in ha why see. >>> meet jack taylor, division three grenel college, set an astounding scoring record with 138 points against faith baptist bible. final score 1
with israel. he knows the importance of now building up the economy and society of egypt not having conflict on his borders, so i think we should give him the space and time to accomplish those things. >> mr. david winnig. >> i'm goingo try to justify rocket firing into israel, but does the foreign secretary also recognize that the way in which airstrikes, israeli airstrikes are caused so much civilian casualties in gaza that in some respects the killing of children, the burning to death of children mu be considered a war crime? and as far as the overall position is concerned, mr. speaker, isn't the truth of the matter that since the fate of israel was created in 1948, the israeli authorities -- even more so sincehe 1967 war -- have refused to recogni the legitimacy of the palestinian people for statehood, for a proper life in and that is really the real issue facing the international community at the moment. >> well, there have been failings on all sides, and i don't want to agree with everything the honorable gentleman just said. he's heard me at dispatch box before criticize the israeli a
combined. a whole different league, partly because of technologies, partly because the economy is doing so well. the reality, that is a very strong deterrent to the egyptians or to the turks to get involved. >> >>. >> fareed, what does this mean about iran? the power and involvement of iran? >> i think it shows their limits, bogged down with their ally syria. trying to do something about that. i doubt they were involved very much with this in the first place. they don't have much of a reach. this has always been the claim, through hezbollah and hamas, they had some special asymmetrical power. israel really dominates the region. if the israelis want to make peace -- palestinians want peace, they will make it on israeli terms right now. >> anne marie, do you agree with that? >> well, part. one thing i would note, one of the reasons that israel has such military predominance is also because of the tremendous support the obama administration has given israel on defense matters. have you heard ambassador oren refer to u.s. assistance on iron dome, and the obama administration has pointed out mu
because of technology, partly because the israeli economy is doing so well. that the reality is, that is a very strong deterrent to the egyptians or to the turks to get involved. >> well, fareed zakaria, what does this mean about iran, the power of iran in the region and the involvement of iran in the region? >> i think it shows the limits. the iranians are bogged down with their ally, syria, i doubt they were very much involved in this in the first place. but it shows you they don't have much of a reach. this has always been the claim that through hezbollah and hamas, that they had a sort of assymetrical power. if the palestinians want peace, they're going to have to make it on israeli terms, right now. >> and do you agree with that? >> well, in part, i mean, one thing i would note, one of the reasons israel has such military predominance is because of the support that president obama has given them on defense matters. you heard the ambassador, several times on the u.s. assistance on the iron dome. and the obama administration has pointed out multiple times that it has really g
of technology, partly because the israeli economy is doing so well. that the reality is, that is a very strong deterrent to the egyptians or to the turks to get involved. >> fareed, in your opinion, what does this mean about iran, about the power of iran in the region or involvement of iran in the region? >> i think it shows the limits. iranians are bogged down with their ally, syria. they're trying to do something about that. i doubt very much they were very involved in this in the first place. it shows you they don't have much of a reach. this has always been the claim that through hezbollah and hamas they had some special asymmetrical power. i think this reveals israel really dominates the region. if the israelis want to make peace with -- if the palestin n palestinians want peace they're going to have to make it on israeli terms right now. >> emory, do you agree with that? >> well, in part. i mean, one thing i would note, one of the reasons israel has such military predom innocence is also because of the tremendous support the obama administration has given israel on defense matters. you
gravy and 320 calories. marie callender's. it's time to savor. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. attorney general eric older in the hot seat this time for the handling of the david petraeus affair and the decision not to inform the president about this until after the election. >> we conducted the investigation and we made the determination as we were going through the matter that there was not a threat to national security. had we made the determination that a threat to national security existed we would have made that known to the president and appropriate members on the hill. but was the president really kept in the dark about a potential national security risk
hostage, but the economy as well. production can't continue as long as this uncertainty. >> alisyn: jonathan, they don't think that they are he' holding the american people hostage, they think they're standing on principle so when both sides think they are he' standing on principle, how are they ever going to meet in the middle by december 31st? >> well, and the president's standing on principle and standing on the wrong principle. he's standing on the principle that the rich have to pay for entitlement state. obama believes that the rich have to pay for his entitlement spending, the result of course is more redistribution, less wealth. less production and who will he blame when the time comes if the economy is weak? he'll blame the rich of course. yes, people are standing on principles and i think they are he' standing on the wrong principles, that's government spending and control creates wealth. we know it doesn't, but yet, that seems to be the direction at least many on the left want to bring us down. >> alisyn: let's say the worst happens and let's say that the fiscal cliff, w
and business morse certainty about the economy. but he wants those with incomes over $250,000 a year to pay a little more in taxes as we all know. which has been a sticking point with the gop. but now some republican lawmakers who earlier pledged to not vote for anything with a tax increase now appear ready to relink wish that pledge in order to avoid the looping fiscal crisis. >> i would be very much opposed to raising tax rates, but i do believe we can close a lot of loopholes. >> they have to go up either real tax rates or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very much. the white house wants all the people who voted for barak obama to flood congressmen with e-mail and also with video messages via youtube saying why we should raise taxes on the rich. >> gretchen: so it's mainly
, the focus turns back to the u.s. economy now the fiscal cliff talks are looking more promising and the election is behind us. new reports this week on the housing market, manufacturing sector and consumer data. also the second estimate for third quarter gdp comes out on thursday. the broadest gauge of the health of the economy and economists think that number is going to show better growth than we saw, 2.8% down from 2.2% that they had thought earlier. the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that they're willing to compromise. that includes republicans who've been softening their stance on raising taxes. senator dick durbin, democrat from illinois, w
with. challenging events like hurricane sandy and the tough economy are among the prime reasons. >> for me personally, it was when things looked down, i look up. i think in my experience here, we see a lot of that, where people hit a low and need somewhere to turn and look and they look up and look for god or some kind of faith. >> what is really interesting about rebirths is they appear to be genuinely returning for spiritualty not just support. it's more about reconnecting with their original belief system, shannon. >> they may begin to come back for no, nostalgic reasons. there are individuals who say the like the way religion was done in my church. there's a feeling of try to reconnect with family and earlier tradition. >> there's a push by churches and synagogues and mosques to bring worshippers back. we would like to hear from fox viewers. hit us up on facebook or twitter and we'll read your stories later. a couple of examples, catholic churches are adding programs. a program called next door, door is hebrew for generation. no stats on how many rebirths say on but for pers
on the economy. continuing to push off difficult policy choices will only prolong and intensify these uncertainties. >> he went on to say, if we do get a plan that solves the government budget issues without hurting the economic recovery, next year could be a good one. that is so many if it. >>> the investigation of the shooting at the sikh temple is concluded. the shooter, michael page, acted alone and did not happen. he had been linked to white supremacist groups, but the fbi found no evidence to conclude he had help or was acting under any directive from them. they also said the attack was not part of any ongoing threat to the sikh community. >>> defense secretary leon panetta talked about how the american fight against al qaeda is changing. he said that, yes, the united states has had a lot of success, but al qaeda has been adapting and trying to find new safe havens and to combat this, panetta says new campaigns will take place outside declared comb combat zones using a small footprint approach. he went on to say america will partner with foreign forces to learn how to comb
. >> there were long lines everywhere, perhaps a sign that the economy is recovery. at this honey baked store they had to wait a long time to pick up items. >> and it's so hot in there. >> half an hour is it worth it. >> my family loves it. >> many stores are open first thing tomorrow morning. jrk lyanne melendez, "abc 7 news." >> it was shopping in the dark. meteorologist sandhya patel, storm is gone. looks like we have a great weekend. >> you don't want to be cooking in the dark. it could be a disaster. it's not going to be a disaster for the holiday as far as weather. if you have plans for black friday doing shopping looking good, as well. we do have a few things to be concerned about. we are looking toward san francisco right now, skies are pretty clear other than a couple of passing clouds as we look at live doppler 7-hd. high clouds, harmless, not to worry. they are going pass to the north. here are the rainfall totals over the last 48 hours. you'll see a sharp contrast from north to south. over 4 1/2 inches of rain. you look at san francisco, more than an inch. an inch 1/2 in san rafae
with but deeply challenging including hurricane sandy, or life events or a tough economy and now among the prime reasons. >> for me, personally, it was when it looked down, i look up. in my experience we see a lost that, people hit a low, they need a place to turn and look and they look if god or a faith. >> what is interesting is people like him appear to be genuinely returning to spirituality not just the social support aspect but more about their original reconnecting with their belief system,. >> they come back for reasons, there areville whose say i like the way religion was done in my churches. there is a feeling of trying to reconnect with family, reconnect with early traditions. >>reporter: an interesting development is the majority push by churches and also places, including mosques trying to bring back worshipers and we would like to hear from fox views about their own return to faith on facebook or twitter. catholic churches are adding programs, and rabbis are reaching tout a program called "next door" with "door" being the word for generation. there you not statistics how long they s
with morsi. >> the economic stick is key. he is governing egypt and he has to worry about the economy tanking. i wouldn't rule out a deal between the military and muslim brotherhood. may seem like they are opposites but they may find a way of living together that excludes the pro democracy fashiction wh is the smallest operating in egypt now. the military and brotherhood may have different objectives. that would be the worst outcome of all. >> why would that be? >> because it would give the brotherhood political dominance inside egypt. i think that would call into question the camp david accord with israel, a peace treaty we have relied on from middle eastern stability for the past 30 years. it would put more see in a position as head of the brotherhood to aid hamas and other radical groups through out the arab world. that would be for u.s. pro western abe rap regimes and israel as well. >> president obama was issuing glowing reviews of mr. moresy. talked to him over 6 times. here is a quote before the power grab. mr. obama told aids he was impressed with the pragmatic confidence. tested engi
in the economy, it could mean that the market will be quite a bit worse next year. >> it could. historically, in an economic expansion that is more than halfway through the normal duration, you know, we end up seeing a decline in that first year. right now, we will be entering the 42nd month of this economic expansion. dagen: what is the technical saying about the strength in the market for? it has been incredibly weak heading up to the election and also after the election? >> maybe we could break back above. really, we will probably not set new recovery highs until we head into 2013. once we get this fiscal cliff and maybe new tax or reform out of the way, people will hope congress will be changing its ways. dagen: let's keep hoping on that one. sam, thank you very much. sam stovall of s&p. connell: one of the biggest days for traveling at the airport. jeff flock is live at o'hare in chicago with more on all of this. jeff: the old perfect storm. a foggy day on a busy travel day. this woman is getting ready to do a broadcast on the fox news channel. what is the problem today? >> overall, thr
. he says a compromise would prevent sudden and severe shock to our economy. if the two sides do not reach a deal, we know exactly what's going to happen. after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you throw these programs out. you run them more efficiently. you look at the fraud or waste and abuse that's been identified and then you come into the revenue picture. you know. people will call me and say, we need to trim this program. good with me, but the problem is it doesn't generate the difference that you need to make here. >> nebraska senators calling for going big, tax reform and entitlement reform since those are huge lifts for congress. for now
states. the rates rose in 7 states last month, 6 were unchanged. >>> with the economy inching closer to the "fiscal cliff," it might seem like a bad time for business to bet the farm. but that is exactly what some bay area businesses are doing. cbs 5 reporter mike sugerman shows us they are hoping today's risk will be tomorrow's reward. >> reporter: the company is called jive. these days business is anything but. >> we hired over 100 people throughout the course of 2012. we have opened a new office in san francisco. >> reporter: tony zingale runs the company a social software for the workplace and it's booming not falling off a "fiscal cliff" not concerned with dark clouds over europe. it sees itself on the leading edge of recovery. >> economic downturns always have an up turn at some point and the great companies are the ones that are prepared for that. >> certainly good times in san francisco or they are coming back strong. >> reporter: at the chamber of commerce they point to a lowering unemployment rate and more jobs led by tech, healthcare and tourism. where will they all sleep
us. come shop at our places, too. >> i hope not. they're an important part of our economy, right? >> that's a good point. small businesses are creating the lions share of jobs in this country. adding 50,000 employees in october. you look at the october jobs report. the government said private employers added 184,000 job. yeah, that's a sizeable number. we're seeing that momentum pick up over the past year. besides the jobs factor there's also a human element out there. not only are you keeping local communities afloat by shopping at these local stores, there's kind of a camaraderie when you walk into a locally owned family business and everybody knows your name and they want to help you. you're not just going in, sliding your credit card and walking out and feeling like just a number. you feel like you're actually welcomed into the store and you're helped personally. >> absolutely. that is a good part of being a small business person and relating to your customers in a warmer, more intimate way. alison kosik live at the new york stock exchange. thank you. >>> new twist on a very
.s. economy could certainly use a boost of holiday shopping. so what's the outlook? >> well, there are some good signs early. one of them comes from the national association of retailers. now, their projections tend to be pretty conservative. all the same. this organization believes that as far as retailers are concerned, it's going to be a pretty good 2012 holiday shopping season. we expect sales to rise 4% this year a little lower than last year. we really believe that consumers are feeling a lot more confident this year. now if you are looking for a segment to grow even faster than 4 hers projection try online already. ibm research signature it was up 17% on thanksgiving day. 20% already for this holiday shopping season, john? >> it turns out some of those black friday deals are not all they are cracked up to be. >> some of them, according to decide incorporated which part nerd up with a news corps fellow organization the "wall street journal" they took a look at some of these bargains and came to the same conclusion that shoppers came to that they are really deals. >> sometimes i think
, reasons including challenges live dealing with hurricane sandy and the stuff economy and people looking to the pulpit for answers. >> now, granted jesus returns us to good. >> growing up. scott saw attending church more of a chore. and what religion experts say what young adults do, he put his parent's religion out of his life. >> and the typical age, 18, 19, 20 and students, both men and women were dissatisfied perhaps with the spiritual churches. >> what numbers did you come up with. >> years later scott came back. >> and i had what prayer relationship with god. it wasn't a church thing, but. >> and rubble life study. >> they man begin to come back for nostalgic reasons and there are individuals who say i like the way religion is. >> and some say it's a family, a tough patch. >> for me personally when things look down, i look up. >> you know, harris, there's been early things in organizations to coax workers back to the fold. a few catholic dioces run adults to keep reverts and rabbis, hebrew for a new generation. >> harris: how about that, thank you, dominic, good to see you. the rol
$for $500 million but officials say as the economy goes south often lottery sales go north. if you have a little bit you have big dreams and weirdly a factor that hurts sales is gas prices. you pay $80 at the pump you are less likely to throw down $2 for a ticket but right now she says sales are strong. >> the lines are so long we are selling in new york, $500,000 per hour and that is now the day before, imagine tomorrow, we will probably be going $1 million in sales an hour. >>trace: it is in 42 states and washington, dc and the virgin islands. >>shepard: we love you. if a knocker wins we want her on the program. >>trace: absolutely. done. >>shepard: you all watch it, don't you? a message from the teenage star of "2 1/2 men." why he is telling people to stop watching the show that made him a millionaire child. maybe because he's a child. wo. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ hut! go! here it comes! ri
economic growth, the economy has been very slow, too slow, and we need to do better. if we grow at 4% a year instead of 2% a year for one decade, the federal government would get $5 trillion more. that would pay down the entire debt that obama racked up in the first term, that's the way to go, not tax increases that would slow the economy. >> the reason why this is so interesting is it raises a question has to whether there are members of your party turning against you. senator chambliss is not the only one that said something like this, bill crystal said it would not kill the country to raise taxes. are you concerned that elements of the republican party are moving in a different direction? >> no, the good news, and certainly speaker boehner who was just reelected, and the leader of the republicans mick mcconnell have been very clear that they're going into this to reduce covet spending and reform government. they oppose tax hikes, 90% of americans and remembers in congress have made a written commitment to the american people, not to raise taxes. there will us be some that get aske
growing up amid a flagging economy. this excerpt shows how an illinois school tries to help families make ends meet. >> first change this. if this is a good time for you, would you like to send your students down for the nutrition club? >> i'll have them down there shortly. thank you very much. knew nutrition club students can stand up. line up. you'll be going down there in just a moment. >> push the chairs up? yes. this is a bag of food that you get every friday. you have to make last the whole weekend. they announce in class that you have to go down for a nutrition club, if you're in it. you have to go to the office. you have to sign your name in for it. then you go put it in your locker. then you go back to class. >> people... good morning, brit knee. how are you doing? >> is monica here yet? not yet. she's on our waiting list. she's there. >> make sure you put it in your locker right away. >> you can go from feeling okay, not having to go hungry to this. going mung reand having to pay all your bills and not being able to... on the verge of being homeless again. >> you've got to match
their economy and not be governed by a set of ideological imper it was. >> rose: said another way, morsi government has to prove it can govern? >> it does have to prove it can govern. one of the things that is interesting you do have leaderships now that do have to pay attention to their public, their republicans have expectations and needs and hopes, and one of those is that, in fact the needs of the public will be addressed. >> rose: is it possible coming out of this is something positive in terms of future relationship between palestinians and israelis and between israelis and new arab governments? is that possible here? >> it helps the relationship -- egypt and israel. they have worked together pretty well, it also improved the relationship between netanyahu government and our own government. they have worked together pretty well over the last week as well. >> rose: do you agree with that, dennis, we are looking at where there was a fractured relationship it might be getting better? >> i do, i think one of the most significant things is that you have a very different egyptian govern
and independents and democrats to work together to move our country forward, to grow our economy, to protect medicare and social security. as well as to balance the budget in a way that protects the middle class and the working poor and that's what i'm looking forward to do with my colleagues. >> of course, there's -- there are a lot of trade-offs to be made and compromises to be made. i may be among the first to congratulate you. >> thank you. >> congratulations to both of you. what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about getting our country back on the right track. >> congressman, you're part of a changing demographic. the house democratic caucus is no
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: after another day of violence, a ceasefire deal between israel and hamas was finally announced in cairo today. but further negotiations on key longer-term sticking points between the two sides were put off for now. egypt's foreign minister, mohammed kamel amr, announced the breakthrough with secretary of state hillary clinton at his side. >> egypt has exerted efforts and conducted intensive discussions since the renewed outbreak of hostilities in the gaza strip with all parties: the palestinian leadership, the these efforts and communications managed to reach an agreement to a ceasefire and the return of calm and halt of the violence and the bloodshed that was witnessed recently. >> the united states welcomes the agreement today for
president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this
% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the
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